In nearly every big law office in the land one morning last week at least one partner sat watch in hand, fidgeting for high noon, E. S. T. At precisely that hour President Roosevelt signed the Corporate Bankruptcy Bill. The exact minute of enactment was important because the new law instructed Federal judges to consider all bankruptcy petitions in the order received. The President wanted each & every prostrate U. S. corporation to have the same opportunity to rise and pray for cheap relief.
Prime feature of the new Bankruptcy law is a provision...
To continue reading:
or
Log-In
